...Clayton P. Michaud Purpose This paper examines the effect of overconfident yield forecasting (optimism bias) on crop insurance coverage level choices across both yield and revenue insurance. Design/methodology/approach This study simulates a representative producer’s preferred coverage level...

...Wenjun Zhu; Lysa Porth; Ken Seng Tan Purpose The purpose of this paper is to propose an improved reinsurance pricing framework, which includes a crop yield forecasting model that integrates weather variables and crop production information from different geographically correlated regions using...